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Overview / Commentary
317-569-7420
11555 N Meridian St, # 400
Carmel, IN 46032

Merchants Bank of Indiana is headquartered in Carmel and is the 10th largest bank in the state of Indiana. It is also the 326th largest bank in the nation. It was established in 1923 and as of December of 2016, it had grown to 139 employees at 5 locations. Merchants Bank of Indiana has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #8056
Year Established1923
Employees139
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.44%
Return on Equity - YTD16.41%
Annual Interest Income$72.3MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$2.72B$2.27B
LoansQ4 2016vs Q4 2015$1.70B$1.38B
DepositsQ4 2016vs Q4 2015$2.43B$2.04B
Equity CapitalQ4 2016vs Q4 2015$254.9MM$202.3MM
Loan Loss AllowanceQ4 2016vs Q4 2015$6.3MM$5.5MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$2.4MM$1.8MM
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates

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Locations


Merchants Bank of Indiana Locations
Indianapolis Bank Branch3737 East 96th StreetIndianapolis, IN 46240
Spartanburg Branch6880 South Arba PikeLynn, IN 47355
Merchants Bank Of Indiana11555 N. Meridian Street, Suite 400Carmel, IN 46032
Merchants Bank Of Indiana Carmel Office Branch11590 North Meridian StreetCarmel, IN 46032
Lynn Branch7375 South Us Highway 27Lynn, IN 47355